Agents & Brokers News

Acrisure Acquires Portuguese Broker Universalis

Acrisure, the Grand Rapids, Mich.-based insurance broker and fintech specialist, announced it has signed an agreement to acquire one of Portugal’s leading insurance brokers, Universalis (trademark of Corpos – Corretora de Seguros, Lda). The transaction is under review by the …

Specialist Risk Group Acquires UK Specialist Broker TLO Risk Services

Specialist Risk Group (SRG), the London-based insurance broker, has acquired TLO Risk Services, the professional risk specialist broker, which will play an integral role in the development of SRG’s professional lines capability. Financial details of the deal were not disclosed. …

Howden to Restructure Business Under Single Global Management Structure

Howden, the global insurance group, announces today that it will unify its structure under a single global executive, with insurance broking, reinsurance broking and underwriting reporting directly to CEO David Howden. The restructure will be effective Oct. 1, 2023 and …

Arthur J. Gallagher & Co. Acquires Australia’s Mavco Insurance Group

Arthur J. Gallagher & Co. announced the acquisition of Perth, Western Australia-based Mavco Insurance Group. Terms of the transaction were not disclosed. Mavco is a general insurance broker and risk management firm serving corporate clients throughout Australia and internationally. Mavco’s …

Lockton Acquires THB Brazil From Amwins

Lockton, the privately held insurance broker and consultancy, announced it has acquired THB Brazil from Amwins, the independent wholesale distributor of specialty insurance products in the U.S. Terms of the transaction were not disclosed. The combination of two leaders in …

Arthur J. Gallagher & Co. Acquires Switzerland’s AccurART

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Switzerland-based AccurART. Terms of the transaction were not disclosed. AccurART is a specialist fine arts insurance broker for private collections, museums, galleries and fine arts …

BMS Group Acquires Australian MGA GARD Insurance

BMS Group, the London-based independent specialist re/insurance broker, has acquired the Australian managing general agent GARD Insurance Pty Ltd., which includes ALE underwriting. The terms of the transaction have not been disclosed. GARD was founded in 2015 and provides public …

Specialist Risk Group Launches Platform for European Operations

Specialist Risk Group (SRG), the London-based insurance broker, announced the launch of Specialist Risk Europe, the platform for SRG’s European operations, headquartered in Dublin, Ireland. SRG’s latest announcement reinforces its European growth strategy and will build upon the success of …

Ardonagh Advisory to Buy HNW Broker Stanhope Cooper, MGA Renovation Underwriting

Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced, it has agreed to acquire a majority shareholding in leading High Net Worth (HNW) broker Stanhope Cooper and managing general agent Renovation Underwriting. Under the agreement, which is subject …

Howden Builds War Chest for Investments of More Than £1B; Blanc Named Head of M&A

Howden Group Holdings announced it has successfully raised more than £875 million ($1.1 billion) across both debt and equity, with total cash and facilities available for investment in M&A, new initiatives and talent in excess of £1 billion ($1.2 billion). …